WASHINGTON — The United States economy expanded at an annual rate of 2.3% from October to December, consistent with the government’s original projection. This growth occurred as the country continued to rebound from earlier disruptions.
Looking ahead, the economic outlook for 2024 anticipates an increase, with growth projected to reach a 2.8% annual pace. This forecast remains unchanged from initial estimates, pointing to a stable economic trajectory.
As the year progresses, several factors, including consumer spending and business investments, are expected to continue influencing economic growth. Stable job markets and improved supply chains might also contribute to maintaining the industry’s momentum. The consistent growth in the economy during this period reflects ongoing recovery efforts and potential for future expansion.
